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Thursday, September 15, 2016

FDIC Announces a New Resource for Community Banks

The FDIC announced the Affordable Mortgage Lending Guide, Part I is now available. It organizes information about single-family mortgage products from federal agencies and government sponsored enterprises and provides technical assistance for community banks on affordable mortgage credit options. Institutions can use this Guide as a “one-stop resource” to gain an overview of a variety of program resources, compare different products and understand Community Reinvestment Act implications. The Affordable Mortgage Lending Center provides a program matrix, program descriptions, data and fact sheets from the FDIC and other federal resources. Quick Links for each housing product enable institutions to identify the next steps for program participation.

View the Affordable Mortgage Lending Center.

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